The government has issued Minister of Finance (MoF) Regulation No. 131 of 2024 (MoF Regulation-131/2024), which comes into effect starting January 1, 2025. The issuance of MoF Regulation-131/2024 is a follow-up by the government in their implementation of the mandate of Law No. 7 of 2021 regarding the Harmonization of Tax Regulations, which set a VAT rate of 12% that will come into effect by no later than January 1, 2025; while, on the other hand, still realizing the aspect of justice for the community.

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